This property looks like a bad Long-Term investment with a projected -10.46% first-year return on $90,321 initial cash invested.
-10.46%
Cash On Cash
4.37%
Cap Rate
0.71
DSCR
$2,720
Rent
-$787
Cashflow
Cash Flow
$2,720 income − $3,507 expenses = $787 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,321
Downpayment
20%
$86,020
Closing costs
1%
$4,301
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,720
Total Expenses
$3,507
Mortgage P&I
82%
$2,217
Property Taxes
15%
$409
Home Insurance
5%
$149
HOA
1%
$25
Property Management
10%
$272
CapEx
5%
$136
Vacancy
6%
$163
Maintenance
5%
$136
Other
0%
$0